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2015-01-19 — blogspot.com
``The takeaway here is that these extreme moves may be a symptom of central banks having attempted to suppress the business cycle and engineer low volatility in an attempt to restore confidence. But when you try to suspend economic reality, the risk we may be realizing all over again here is that the price discovery becomes that much more violent once markets build up so much pressure that central banks can't contain them.''
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